LifeWealth Investments LLC Raises Stock Position in Dominion Energy Inc. $D

LifeWealth Investments LLC raised its position in Dominion Energy Inc. (NYSE:D) by 11.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,844 shares of the utilities provider’s stock after buying an additional 933 shares during the period. LifeWealth Investments LLC’s holdings in Dominion Energy were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SPC Financial Inc. increased its holdings in Dominion Energy by 1.4% in the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after buying an additional 172 shares in the last quarter. Maridea Wealth Management LLC grew its position in shares of Dominion Energy by 2.1% in the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 183 shares during the period. Quotient Wealth Partners LLC grew its position in shares of Dominion Energy by 2.4% in the second quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 184 shares during the period. Private Client Services LLC grew its position in shares of Dominion Energy by 3.1% in the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 188 shares during the period. Finally, Crewe Advisors LLC grew its position in shares of Dominion Energy by 11.8% in the second quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D opened at $61.01 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market capitalization of $52.06 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.20 and a beta of 0.62. The company’s 50-day moving average is $60.41 and its two-hundred day moving average is $57.52. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s dividend payout ratio is currently 92.07%.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on D. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley lifted their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. BTIG Research began coverage on shares of Dominion Energy in a research report on Wednesday. They set a “neutral” rating on the stock. Finally, Barclays boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $62.43.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.